COMMERCIAL

Southland Times, Issue 24681, 28 February 1942, Page 7

COMMERCIAL

MORE SELLERS THAN BUYERS INVERCARGILL STOCK EXCHANGE There were more sellers than buyers on the Invercargill Stock Exchange yesterday. Quotations were as follows: — Government Debentures. —4 p.c. Stock 1943-46, b £100; 4 p.c. Stock 1952, b £lO5 15/-; 4 p.c. Stock 1952-55, b £lO5/15/-: 4 p.c. Stock 1954-58, b £106; 3>/ a p.c. Stock 1953-57, b £lOl/10/-; 3i4 p.c. Stock 195659, b £100; 3/4 p.c. Stock 1957-60, b £lOl 5/-; War Loan 1953, b £B7; 2‘/ 2 P-c- War Loan 1946, b £96. Banks.—New Zealand, s £l/17/9: New Zealand Long “D" issue, s £l/10/6. Breweries. —Dunedin Brewery Company, s £1; New Zealand Breweries, s £l/13/9. Coal.—Kaitangata, s £l/13/-; Westport Coal, s £l/4/6; Westport Stockton (ord.), b 2/4. Insurance.—National, s 19/-; South British, s £2/13/9; Standard, s £3. Loan and Agency.—Perpetual Trustees, b £2/10/-; Wright, Stephenson (pref.), s £1 0/3. Meat Companies.—New Zealand Refrigerating (10/- paid), b 7/6, s 8/-; Southland Frozen Meat, s £l/14/-. Shipping.—Union Steam Ship Company (pref.), b £l/6/3. Woollen Mills.—Bruce (pref.), b £1; Kaiapoi (pref.), s £l/0/3; Timaru, s 18/6. Miscellaneous.—D.l.C. (pref.), b £l/4/-; Dominion Fertilizer, s £l/2/9; Donaghy’s Rope and Twine, s £2/10/-; McDuffs Ltd., s 9/-; McLeod Bros’ Soap, b £25; Milburn Lime and Cement, s £l/15/3; New Zealand Drug, s £3/16/-; New Zealand Guarantee Corporation, s 3/-; New Zealand Paper Mills, s £l/13/6; Otago Daily Times, b £1 19/-; Wilson's (N.Z.) Cement, s 18/-; Woolworths (N.Z.), s 14/-. DUNEDIN Sales Reported.—4 p.c. 1952-55 Stock £106: Milburn Lime (cum div.) £l/15/-. WELLINGTON Sales (Thursday).—State Advances Corporation 3% p.c. 1960 £102; Friday, Wellington Gas (pref.) £l/2/6; South British Insurance £2/12/-; National Timber 8/-. Unofficial List.—Associated Motorists* Petrol (pref.) £l/3/6. AUCKLAND Sales.—Aucklcr 1 Harbour Board 1960 31a p.c. £99; South British £2/12/-; P. and O. (deferred) £l/10/- (late sale): Wellington Gas £l/2/6; National Timber 8/- (late sale); New Zealand Newspapers £l/12/6. ENTRIES FOR RAM FAIR The following entries have been received for the Southland Agricultural and Pastoral Association’s ram fair on March 6 (last year’s entries are given for comparison):— STUD RAMS

Tire entries in the flock Southdowns this year number 903 as compared with 1056 last year The second ram fair will be held on March 28. DUNEDIN PRODUCE MARKETS

(P.A.) DUNEDIN, February 27. Harvesting operations continue to be held up in many wheat-growing areas because of wet conditions. Southland would appear to be an exception, though early in the week the weather had improved in the Ashburton district. Milling wheat is now starting to arrive on the local market. There are no offerings of new oats so far on the local market.

Damp weather in Canterbury during the past fortnight has stopped all threshing of seeds. From all reports this season will not be equal to that of last year and that the quality will also not be as good as it was last season.

The cocksfoot crop is reported to be short both in Canterbury and Invercargill, and it is stated that the new season's ryegrass seed will be light in weight. The brown top crop, however, is reported to be fairly good. Business in seeds in New Zealand is, of course, materially affected by the position for shipment overseas.

1942 1941 Border Leicester 10 11 Southdowns 28 41 Ryelands 3 2 Romney Marsh 60 39 TOTAL 101 93 FLOCK RAMS English Leicesters 49 28 Border Leicesters 94 156 Ryelands 62 96 Shropshires 6 9 TOTAL 211 292